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> But if you still see a huge problem, just get your correct model, back your results with data and enjoy getting the Nobel prize. The "Nobel prize" for econom
by choward 5y ago
> But if you still see a huge problem, just get your correct model, back your results with data and enjoy getting the Nobel prize.
The "Nobel prize" for economics isn't a real Nobel prize. It was made up to make economists feel better.
From Wikipedia:
> He explained that "Nobel despised people who cared more about profits than society's well-being", saying that "There is nothing to indicate that he would have wanted such a prize", and that the association with the Nobel prizes is "a PR coup by economists to improve their reputation"
https://en.m.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.m.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econ...
- _v7gu 5y ago> Nobel despised people who cared more about profits than society's well-being Good thing the prize isn't for Business Administration then. Also ironic, since it's economics which studies anti-trust and gives legitimacy to strike down such practices.
- mhh__ 5y agoDoesn't really matter in practice, IMO.